MATIC is migrating to POL: Learn what it is and what to expect Polygon, the largest layer-two scaling solution in the Ethereum (ETH) network, has announced an official date for a full migration and it’s on 4th September 2024. That means MATIC will be obsolete and POL will be the new standard for the network. Key Takeaways MATIC will be automatically converted to POL for all users unless the assets are held outside of Polygon. Assets stored in smart contracts outside of Polygon can be migrated manually to POL using decentralised exchanges or aggregators. The new Polygon 2.0 introduces the AggLayer, a new mechanism to make the network more liquid without raising gas fees. How is POL different from MATIC? POL is an upgrade and replacement for MATIC as the native token on the new Polygon 2.0.
